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involved in the fiscal cliff talks. he wants the america's youth to use the social networking prowess to get congress to take acon. does even the almighty psy have the power to get everybody together? i don't know. joining us with democratic congresswoman karen bass. thank you so much for joining our show tonight. obviously alan simpn is very worried about people getting involved. do you feel like the american public is tuned into this debateor are they sick of hearing all the fighting back and forth and they're tuning out? >> you have to love t former senator. he is quite hilarious. i think people are tuned in. i think people are aware. people know that, you know, 98% of americans could have their tax rates stable and not have their taxes go up. and you know, there are some taxes that would go up if we two off the fiscal cliff. you're talking about a family that makes about $50,000 having a tax increase of $4,000. melissa: congresswoman, this drives me crazy. when we look at all the numbers we immediately start taing about taxes. it seems like we're looking for revenue under every si
. at a time we're talking about raising taxes and the fiscal cliff and what financial problems we're in this country, i read these numbers i want to tear my heart out. how do you feel? >> melissa, it is worse than that. in '09 he had the navy pay $424 a gallon for 20,000 gallons. that is fuel on the market you could buy for $3 a gallon. $424 a gallon. in mind, this president has had a war on our defense system. he disarmed america. he has done away with our brigade combat teams, our ships, our f-22s, c-17s, future combat systems. he uses the excuse. no, i have not reduced the budget for the defense. but what he has done, melissa is move his green agenda into the, under the defense so we're paying for all this. now, senator mccain and i took this out. we had two changes that we made in the law to keep them from doing that. one was a section that said you can no longer use our readiness dollars to buy all this fuel and all this stuff. and then, we also have had a prohibition against using defense dollars to build refineries. that can be done in the private sector. well on the floor
of the fiscal cliff instead of engaging in serious talks to avert the cliff, that includes spending cuts and tax reforms the president once supported. the white house has only offered a joke. i understand we have speaker boehner to the microphones. let's take a listen. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. eight days ago secretary geithner came here to offer a plan that had twice the tax hikes that the president campaigned on. it had more stimulus spending than it had in cuts. and an indefinite, infinite increase on the debt limit, like forever. four days ago we offered a serious proposal, based on testimony of president clinton's former chief of staff. since then, there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the cliff. instead of cutting spending, the president want to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would c
there and have some momentum going into the fiscal cliff talks. i was just at the speaker's press conference down the hall at the top of last hour and he said look, there's no progress being made and his call with the president was just more of the same and the staff talks behind the scenes yesterday were more of the same. he didn't give us a whole lot of optimism going into this weekend here, alex. >> here's my question. i have many questions, but when we get these numbers, this is always confusing to me. last time we talked there was discussion on twitter and concern circles the bls was populated by about a socialist revolutionaries cooking the numbers for obama. those numbers have been revised downwards. may happen for november. why do analysts keep getting them wrong and when you think about the unemployment rate, theoretically we want it to go down but as you're explaining when it's going down that's not actually a good sign for the american people. down is bad, up can be good except when it's bad. the bcs is reliable except when they get it wrong which they always do. the bls does this on a
to the edge of the fiscal cliff. >> speaker boehner says no progress has been made in the fiscal cliff talks with the president with just about three weeks left before the deadline. we'll check in with political editor mark murray. first, lawyers for george zimmerman have filed a lawsuit against nbc universal for its coverage of the february 26th, 2012 shooting death of trayvon martin in sanford, florida. it alleges defamation and intentional infliction of emotional distress. in a statement the parent company said, quote, we strongly disagree with the accusations made in the complaint. there was no intent to portray mr. zimmerman unfairly. we intend to vigorously defend our position in court. we'll be right back. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help th
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the trading for the week. fiscal cliff talks and a reserve meeting midweek could shift the markets, bri markets,. ringing the opening bell at the exchange, the financial services company blackrock. >>> hugo chavez returns to cuba to undergo another cancer operation. chavez left in the middle of the night just a day after telling his country the cancer was back. in is his fourth surgery since being diagnosed with cancer last year. >>> today former south african president nelson mandela is facing a day of medical tests in the hospital. the 94-year-old has suffered health problems in recent years. the nation's current president says mandela is doing well but offered no details on his condition. mandela is a nobel laureate who fought against racial segregation. >>> former republican presidential candidate newt gingrich isn't sounding too optimistic about his party's chances about winning back the white house in 2016, especially if it stays in its current form. in fact, gingrich thinks it's almost impossible if one particular candidate wins the democratic nomination. take a listen. >> if the
reid about the lack of progress on the fiscal cliff talks really put the brakes on today's rally. at the close we saw the dow gaining 78 points. the s&p adding 9 points. the nasdaq up 35. that's it from cnbc, first in business worldwide. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. social security are just numbers thinkin a budget.d... well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors with responsible... solutions
to the united states, bill richardson. so that interview coming up later. >>> as fiscal cliff talks here in washington are showing little movement towards a deal, there's now a new report that president obama may be willing to put raising the eligibility age for medicare on the table. is that true? we will discuss more this more in our strategy. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry. bonus cash ends january 2nd. humans -- sometimes life trips us up
talking to her about the fiscal cliff, she gets an e-mail. >> yeah! my interview. great. okay. that's good news. >> reporter: a third interview for a sales job. if washington can't do it, maybe this job will pull her back from the cliff. >> oh my god. i can't believe how excited i am right now. >> more than 500 years but the lady behind da vinci's smile is behind speculation. italian archaeologists might have found the missing link to the mystery of mona lisa. they've excavated remains which they think belong to the woman who modeled for the famous painting. ben wedeman reports from the excavation site. >> reporter: the smile has per perplexed for centuries. the mona lisa. in the frigid bowels of what was once a convent in florence, the television producer turned art researcher is leading a project to find and identify remains of the woman who posed for da vin economy more than 500 years ago. historical documents indicate this is the place where he's 15 de gherardini was buried. remains of five females were found here. the skull may be that of the second wife of a wealthy florence silk mer
be done about the fiscal cliff talk. what surprised us off the record behind the scenes, democrats and republicans agree they should be doing a lot more than they're talking about as part of the current negotiations. they said if you did more on tax reform and particularly on the corporate side and more on social security as far as limiting the growth of that program, more on medicare, if you did something to exploit this oil and gas boom that we're seeing in north dakota, texas and across the country, if you did more to get high skilled immigrants into town, you could not only have an economic recovery but an economic boom. there's a lot of agreement off the record on this, but that politicians on both sides are scared to go out there and be the first to say, hey, let's do these big things that could have an appreciable effect on the economy. >> steve, do you agree with that assessment? what are the big things that need to be done? >> i totally agree. the thing that's depressing about the fiscal cliff plan, we will change the tax code, change this, a tax on gas to help the energy
party, and it comes around the issue of jobs. it comes around the issue of the fiscal cliff talks about what the party wants to be. whether there's going to be a tea party 2 or whether there's something of a vacuum that doesn't get filled with demint leaving the senate. >> all right. david, thank you so much. we'll be watching "meet the press" this sunday as we do every sunday. eugene, thank you as well. your latest column online at >> guard that mustache, gene. >> i'm going to guard it with my life. >> and congressman emanuel cleaver, great to have you on set with us. >>> coming up, nbc chief white house correspondent chuck todd. and later in the show, "the economist" crunched the numbers and came up with the best countries to be born in in 2013. and the united states does not top their list. we'll find out who does ahead on "morning joe." [ male announcer ] there are plenty of reasons to be jolly at the chevy year-end event because chevy's giving more. more efficiency with sonic and cruze... more function in equinox and traverse... more dependability with the legen
working on a deal and nothing is locked down yet. we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, spanwj. find a son facebook and weigh in there. at journal@c- "the christian science monitor," asked what we would be willing to give up. "americans would be willing to give up the tax deduction for charitable giving over other popular tax breaks." host: let's take a look at the results of this poll. 25% said that they would be willing to give up the charitable giving tax deduction. almost the same amount said it would be willing to give up their deduction for state taxes. 19% said they would be willing to give up host: we would like to hear what deduction you would give up. you can weigh in on our facebook page, there's a poll set up where you can tell us specifically which interest
downstairs in case of an emergency. lisa, thanks. >>> the fiscal cliff talks have been happening. they are getting grief from some members of their own parties. does the public have a right to know what is going on behind closed doors? our strategy session is next. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. for a professional cleansing device? join the counter revolution and switch to olay pro-x. get cleansing results as effective as a $200 system. guaranteed or your money back. olay pro-x. out for drinks, eats. i have very well fitting dent
in the fiscal cliff talks. >> it doesn't come at an opportune time because of the fiscal cliff, both the talks and the idea we're short of money. traditionally, what this country has done is treated disaster separately. >> senators from the storm ravaged states believe the obama administration will propose roughly $50 billion in relief, far short of what the states want, $82 billion. >> is there that kind of money lying around? >> certainly not that kind of money lying around. it's such a complex time right now we're dealing with a host of issues. we're going over the fiscal cliffs. >> senator susan collins are facing budget cuts they would like to pay for the storm cleanup. the uncertain fate of the relief money comes little more than a month after the jaw dropping pre-rel pre-election image of president obama and governor christie shoulder to shoulder, a time when he promised to help victims quickly. >> i want you to cut through red tape. i want you to cut through bureaucracy. there's no excuse for inaction at this point. >> the white house said the president remains committed. >> there's no
. >>> here is where we are on the fiscal cliff talks. we are less than three weeks now from the 1-2 punch of tax increases and government spending cuts and the two sides appear to be moving farther apart. here's house speaker john boehner describing his latest negotiations with the president, just over the phone last night. >> the president and i had a pretty frank conversation about just how far apart we are. >> dana bash is our senior congressional correspondent. she s unearthed some surprising new details here about the speaker's latest offer to the president. dana, what can you tell us? >> reporter: well, we were told first earlier today by democratic source that part of the reason why that phone call between the president and the speaker didn't go so well to put it mildly is because part of the republican counteroffer they sent to the white house yesterday included a renewed call for, quote, permanent tax cuts for the wealthiest americans. now, we know that that is a nonstarter in general for the president. he said it ump team times, but the democrats at the white house felt that to
, the "national review" is reporting that if the fiscal cliff talks go sour, that john boehner might have a challenge for his speaker post. do you agree with that? >> i think speaker boehner is extremely strong in his position. he's been very, very smart, including the republican leadership, in his negotiations. while it's just him and president obama, he has them inside the room before he goes and meets with the president, he talks to them and they reflect the views of the entire conference. the key here with the entire deal is that the devil is in the details. once these details come out, it's going to take arm-twisting by both sides. it's going to take calls from the president and democrats. it's going to take the speaker to make sure republican conference members are falling into line and that's where we're going to see, when the rubber meets the road, if this deal can get done. remember, you know, health care reform by the president passed on december 24th. so we do have a president there just going right up to christmas. and if it doesn't happen at christmastime, they'll be coming b
cliff. what the president does not want to talk about. plus senator jim demint is here to tell you why he is leighing the senate. this is "special report." this is "special report." ♪ ♪ good evening >> good evening. i'm bret baier. much of the public debate focuses on taxes. democrat want to raise them on high earners. republicans don't. but there is another part of the equation that gets less attention. that is spending cuts. chief white house correspondent ed henry looks in to that tonight. >> reporter: pulling on the heart strings as if he were back on the campaign trail, president obama visited middle class family in virginia. >> a couple of thousand dollars means a couple months' rent for this family. >> once again, he was trying to frame the battle oaf the fiscal cliff as being all about taxes. with no mention of spending cuts. >> i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this one. that is good for the american economy. >>
away in lansing. let me ask you, jessica, the fiscal cliff is something we have been talked about each and every day here on cnn, the president met with the speaker of the house and am i correct, has it been about a year since the two of them had a one on one face to face, so what are we learning detailwise from the meeting? >> the bottom line is the status appears to remain at stalemate. the white house is eressing the view that the president believes it is still possible to get to a deal, but they want to hear more -- they want to hear specifics from republicans on revenue and they have not heard that. that's what the white house was saying before the deal -- before the meeting last friday they were saying this. the speaker's office is saying they still want to hear from the white house on more details on spending cuts, also that is what the speaker's office was saying before the meeting last friday. so the message today is exactly what it was last friday. the meeting happened yesterday. on sunday. so we are where we were. does that mean that nothing happened in the meeting? no, ther
of the big issues is anybody really talking about what to do with the fiscal cliff other than news conferences an the appearances on the floor and the message is there aren't really serious negotiations going back and forth just yet. the critical moments probably later in december when the pressure of the calendar is greater, tamron. >> all right. kelly o'donnell, thank you. joining us now is congressman yarmuth. about a week ago you were on with my colleague and said you were growing more pessimistic about reaching a deal before the back and forth we have seen. how do you feel right now? >> well, i'm still pretty pessimistic about a deal and optimistic to at least avoid the tax part of the cliff. i get the sense that a growing number of republicans are willing to let the senate bill come to the floor here in the house. which would get almost every democratic vote and a fair number of republican votes. as long as speaker boehner doesn't require there be a majority of his majority to pass that bill, i think we can get that done. i have a sense that's kind of a way we're moving. as t
coast. and we are at 27. the number of days before the nation is going to slip over the fiscal cliff and that is what people are talking about. unfortunately, in washington they are not talking to each other about it. right now president obama is meeting with the washington business roundtable. that's just minutes after speaker boehner met with rank and file gop lawmakers and former speaker pelosi met with house democrats. they are all in each other's corners speaking amongst each other but all eyes are on the fiscal cliff. let's scoot over to the president. easy merging from that meeting with the washington business leaders. let's see what he has to say. >> jim, thanks for your leadership. you know, originally my team had prepared some remarks, they always get nervous when i'm out there on my own, never know what i might say. but given the dialogue that we had the last time, i thought it was useful for me to abbreviate my remarks, speak off the cuff at the top and then most of the time just having a conversation. let me begin by saying all of you in this room are not just business l
in the economy. >> let's talk more about the fiscal cliff. how do you think this could factor into discussion? >> yeah. i think that this roar today helps, i think the administration's case for the fact that we immediate to -- administration needs to -- democrats need to extend the tax cuts, bush tax cuts, forethose up to $250,000, probably immediate to extend the payroll tax cut. these are major forms of stimulus that middle income households and receive the dollars don't save it. they spend it. i think it also provides a little wind to the sail of the administration that we need to extend the unemployment insurance benefits that have -- we have been providing to families. which are another important stimulus for families here in the u.s. >> you answer made question about the work force because about a half million people left the work for according to bls and talked about why you believe that factored into it. what do you think is missing from the report, though? >> what's missing, i think of -- you know, we focus so much on the employment front and if you look at wage, i believe wages cont
had, a chance. >> back to what you were talking about with the fiscal cliff. do you think depending on what the republicans do here in these final, what, two weeks, might that be sort of a harbinger of things to come, a harbinger of the next republican party? >> yeah. i think it will. i think what you're seeing is a party really having an identity crisis, trying to figure out what it is and who it should stand for and as you see more and more republicans sort of saying, you know what, we don't need to go over the cliff on this particular tax issue out of economic theory, we need to take a stand and appeal to the people who can actually get us elected president in the next presidential campaign and that would be the middle class. and also appeal, trying to appeal in the long-term to those minority voters. the fascinating statistic to me out of this entire election, brooke, was that in 2008, 74% of the electorate was white. this time that went down two points and those two points, one could argue, handed the president re-election and the republican party needs to figure out a way to b
at quarterback. sorry, i've just got to say it. so let's talk about the fiscal cliff. >> you don't want to stick on it? >> you want to stick on this? the thing about josh hamilton is, in the 162nd game of the year. >> yeah. >> he basically let a pop fly fall in front of him. >> yeah. >> no effort. >> the irony, of course, is that he probably has the sweetest swing and the most pure talent in baseball. and when he's on, there's no one better. i think he had a four-home run game where every ball was a line drive. it was right on the peg of the bat. if he put it all together, he would have been sitting pretty right now. >> he would have. so fiscal warnings yet to faze wall street. steve rattner, this is a good one to talk to you about with congress and the president seeming to be further and further apart. we're starting to hear well, maybe we can survive the fiscal cliff for a little while. what's going on? >> no, i don't think wall street is saying we can survive fiscal cliff. they're saying i'm not sure we're going over the fiscal cliff. right after the election wall street dropped 5% when every
this morning." there are 22 days left to the fiscal cliff deadline. there is no deal yet, but the two leading players are now talking face to face. >> and some republicans m congress are pushing their leaders to be a little bit more flexible. major garrett is at the white house. major, good morning. >> reporter: good morning, charlie and norah. the white house meeting yesterday between president obama and speaker boehner occurred after the president extended that invitation to boehner quite quietly on friday. after the meeting, both were described as hopeful. even so, a followup meeting between white house staff and republican congressional staff on underlying details of a fiscal cliff deal apparently achieved little progress. the president met with boehner after huddling friday with house minority leader nancy pelosi and telephoning senate majority leader harry reid. both democrats wanted to make sure president obama will not freeze them out of fiscal cliff negotiations. far from frozen, some set of republicans appear to be warming to higher tax rates on households earning more than $250,000
dice sell truck engines. he's going to talk about the economy and fiscal cliff within the hour. we'll go to that live. >>> first to florida. that's where we learn new details about a long running mystery. in the town marianna and they have found more grave sites on the grounds a school that closed last century. nobody knows how many boys may be buried there and what abuse he suffer the at that school. ed lavandera spent years investigating the story, and he has the details. >> a mystery haunting the ground of this now defunct school for boys in marianna involving teenage boys sent here decades ago, some never seen again. in recent years former students in "twilight" years have come forward with horrific stories of punishing aaabuse doled out by school leaders and friends that vanished, stories told by cnn. they accused former school leaders of beatings, sexual abuse and even murder. which brings us to this cemetery on the school's grounds. the bodies of 31 boys are buried here. florida authorities claim they know how all the boys died, some killed in a fire and symptom in a flu epi
and everyone else who has come through capitol hill and the white house to talk about the fiscal cliff. for the first time since this drama began to play out on a very public stage, yesterday there were no substantive negotiations or conversations whatsoever, none at all. and here is what the public thinks about all this. if, in fact, the nation does go off the fiscal cliff and negative consequences ensue, by a two to one ratio, by the most recent poll, it will blame republican, not the white house. the white house knows this, believes it's in a strong position and intends to use that leverage when and if negotiations begin. for "cbs this morning," major garrett at the white house. >>> federal health officials are watching a medical crisis, an earlier-than-usual flu season. the south is already hit hard, one month earlier. three school systems in tennessee say so many teachers and students are sick, they've closed for the rest of the week. health officials also say this year' flu strain is making patients sicker than normal. the good news, this year's vaccines seem to work well against
working out it, too. all this talk about the fiscal cliff and all the tough words there's this code coming through in the language this evening, which could make quite a difference if it leads to a deal. it's really worth looking at very, very closely, and we will. we're also going to talk about the president's pot problem. he doesn't really have a pot problem, but he's got a pot problem. he's out west and it could make a big difference to him. and a lot of his constituents who helped push him back into office. it's really going to be a difficult issue for the white house to grapple with, i suspect. it's all coming up on "erin burnett outfront." >> the interesting thing about the pot problem, as you say, well, it's clearly been a big topic ever since the election. there is a real federal states rights issue going on there. >> yeah, there is. and the problem is if you pursue that path, well, there are a lot of other things that are federal states rights issues. so it's a very tricky thing to watch. you can't just look at one part of the issue and say it's just about that because then other
into the meat of that, but i'm talking about other issues, fiscal cliff and on and on and on. it just appears that way. lena, you heard some people talking about civil leaders with atrocities. how do you think that will play into it? >> i think that will become a point of discussion, but what was said about her written role in africa, it's very nuanced and i think very biased. i think if she is nominated, and we have to remember she has not been nominated yet, then this need to be an issue where she's given a chance to actually discuss it. it needs to be discussed in a fair manner and an unbiased manner. africa, as we all know, has had a very complicated and tortured past where a lot of times when we have to choose allies, there are no good choices to make, and everybody who has been a leader in africa has had an unsavory past in some way, shape or form. but it needs to be discussed in she's nominated. >> so ron -- sorry, again, for calling you john -- you said what senator john mccain was not satisfied about. what does susan rice have to do to prove herself to people like john mccain and lin
and talk about the big issues on the other side in 2013. >> first, no one wants to go off this fiscal cliff. that would be a self-imposed damage to our economy. number two, the next step is the enactment of the bill that's in the house, dealing with the tax relief for all income below $250,000, providing the revenue base to have that type of confidence and discussions between the two sides. the next step let's get that bill passed. i'd like to see us go further before the lame duck is over and be able to have a framework in place to get additional deficit reduction. >> you were part of this emotional appearance from bob dole on the floor yesterday voicing his support for the u.n. disability treaty yet even his presence there and the emotional images as we see him on the floor there in a wheelchair was not enough to get some republicans to vote for it. senator kerry calling it the saddest day he's seen in decades. the measure failed. what is your reaction to that and what is the excuse to the american people? >> i am a member of the senate foreign relations committee, we added to the treaty
for digging into this stuff. we've got the debate about the fiscal cliff and the debt ceiling and we're talking in the trillions. before you can even get to the trillions, if you can't stop stuff like this, does the american public ever believe that washington is going to get its act together if you can't stop this 100,000 here, million there, all, of course, adds up to billions. if we can't stop the zombies, taxpayers paying for the zombies, how can we ever tackle medicare and social security? [laughter] megyn: that's the thing that makes people upset, julie. all right, if you're going to increase my taxes to help pay down the debt, help people in need, that's one thing, but if i'm going to be paying for zombies or for santa to ride the $250,000 sleigh, i object. >> i'm a little embarrassed. can you imagine being an employee and having to pretended to be a zombie? >> those were actors. >> i don't know about that. [laughter] i think they may have been dhs employees dressed up. charles is right, thanksgiving a little ri -- this is a little ridiculous. i understand what they're trying
% of the gdp when it starts to have disasterous impact. >> wealthy are in focus for this fiscal cliff deal but based on what we're talking about here today, charles, you believe your average american family, regardless what happens with this deal or not, will be affected when by some of these higher interest rates or higher inflation you see coming for the country? >> absolutely. even without this, just with some taxes coming in, associated with the new health care law and other things, we're talking about people paying taxes on what they call, unearned income, which is misno, ma'am ir. obviously money you got to invest in that restaurant or invest in the stocks was earned in the first place and you're taking a risk. if you pay taxes on rent, as person paying taxes guess who will pass the cost along? i will pass along to whoever is renting from me. jenna: when you see this, we go back to the high inflation, some other impacts, we're printing so much money from the federal reserve. that is something we expect to hear this week from the federal reserve we'll continue do in the year to come,
. >> the whole thing about investing-- and obviously everybody's paying attention to the fiscal cliff. businesspeople i've talked to at this point are saying, listen, closing loopholes, raising rates, we don't care because if there is damage done there, it's much less than not reaching a deal. so reach a deal first. we don't even care anymore about this stuff, just get it done. but in terms of investing these days, you know, it's tough out there, of course. the idea is to be a contrarian, to think different. that's the only way, really, to get ahead over the long run. we have a story about jack bogel who has a company called vanguard, now $2.2 trillion colossus that he's built up by having low-cost index funds which people can't get their brains wrapped ar eped around, a really good strategy. we have a story about apple which is kind of the stock of our time. >> we asked the question, can you continue to be obsessed with apple stock? >> yes, i think you can. what's interesting about apple, and it's, again, sort of a contrarian position. a lot of people think the stock is really expens
about, the fiscal cliff, are we getting closer? is there movement in the negotiations? there seems to be signs of that. that's how we get started in the brand-new hour of "america's newsroom" on wednesday. i'm martha maccallum. bill: i'm bill hemmer. today's remarks come a day after a speech on the floor of the house. here is some of what the speaker had to say about where we are in his view at the moment. >> we are still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow walks this process the closer our economy gets to the fiscal cliff. martha: so what is really going on in this negotiating right now? where are both sides? the white house continues to insist that it is republicans who have yet to offer any detailed proposal to themment when speaker john boehner comes to the microphone moments from now, in every one of these you can pick up a little bit of the tea leaves and figure out where this mi
and counting until the nation falls off the fiscal cliff. president obama and house speaker boehner are going on with negotiations. >> we had another week of massive trash-talking, are we closer or further away from getting a deal? >> they're not really talking right now. that's what's most incredible. there were speeches all week long. lot of ads on television. less than an hour of negotiations. one-hour phone call between to president obama and house speaker boehner. democrats say they're not going to move until the republicans say they're going to be for higher tax rates on the wealthy. and spending cuts. republicans aren't going to come forward until the democrats say more about how they want to cut spending. right now, we're stuck. now, it could be the well that is getting poisoned right now, as positions are going to harden with all of these negotiations they sometimes with most fire before they break. the debt limit, president obama said that he's not going to negotiate at all over the debt limit. i don't know how you can get that resolved by december 31st. >> could the republicans giv
together for the good. you talk about the fiscal cliff. bring congress and they can back up their own stones. i would love to see boehner with a stone. >> for would be perfect. >> nice to see you. award season is coming up. >> what's award season. >> how many are you going to nab? >> i would like a couple of good movies. dustin hoffman is called that. 75-year-old first time director. >> i love it. >> i'm going to see it. >> the d is silent. >> great to see you. >> come tonight. >> always. the 12-12-12 concert at 7:30 p.m. the 121212 what does it take to uproot one of the largest hotel empires? scott wapner gives us a look at this new documentary behind closed doors at marriott. [ woman ] ring. ring. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on
whatever deal they reach they have to get the votes for, and that's just the beginning. this fiscal cliff deal if they reach one it's just the beginning of deal making because it's not going to solve the problem. there is going to be more talks going into 2013 on tax reform and dealing with the deficit further. >> reporter: bob cusack thank you so much for joining us. we appreciate it. >> thank you. jon: let's talk a little bit more about the pickle that house speaker john boehner is in. he's struggling to avoid going over the fiscal cliff. he's facing growing criticism from members of his own party, the speaker removing four conservative congressman from key committees, the move seen by some as a way to close ranks over a potential fiscal cliff deal with the white house. outside conservative groups are voicing their displeasure saying speaker john boehner could even lose his speakership. carl cameron joins us live in washington. so he has a lot of problems with conservatives right now, car. >> reporter: sure it's not just off the hill. some of the members on the hill. fiscal conservative
. the fiscal cliff keeps going and going. thank you both for coming in. good to talk to you again. allison, back to you. >> tony, thank you. still ahead at 7:00 , the sense of a woman now available in deep dish. as we go to break, holiday greetings from our service members overseas. >> good morning. this is williams your daughter. this message is for you. i wish you guys a happy holiday and hope you enjoy the christmas, thanksgiving and new year. i won't be able to be home but have a great time without me. just have so much fun. save some for me. i extend my love and grace to the rest of the family. love you.  you can't argue with nutrition you can see. great grains. great grains cereal starts whole and stays whole. see the seam? more processed flakes look nothing like natural grains. i'm eating what i know is better nutrition. mmmm. great grains. search great grains and see for yourself. >>> we hope you will join us tomorrow for stuff a truck 2012. the day when we partner up with the food bank to collect needed food items. you can come out to the following locations
of time. >> the clock is winding down toward the fiscal cliff. once considered an untouchable third rail, changes for social security and other so called entitlementeds are now being seriously discussed. >> we really have not begun to talk about real entitlement reforms. the only way to have a true avoidance is to mix an appropriate amount of revenues with true retirement reform. until the debate moves to that point, there's really no serious debate taking place. squeezing out savings from social security by changing the way inflation is calculated and possible means testing that could disqualify wealthier, older americans from the medicare program. lawmakers insist any changes will be done gradually and will not impact current retirees. but that's not soothing the fears of senior who is say inflation adjustments will have an immediate impact. >> to tell someone who's living on social security, one out of every flthree relies on just social security for their income, to tell them i'm sorry, we're going to have to cut back your benefits, that doesn't make sense to us. >> reporter: just to
of leadership speaker boehner will need to show, and i think he eventually will. it's less a fiscal cliff than it is a slide or an incline plane or whatever. but i think that, you know, soon after the 1st, if we haven't done it by then when all the tax rates go and all the changes happen, we get serious and something happens, and i think speaker boehner will be part of it. that's why i'm generally optimistic within the next month if not within the next few weeks. >> i hope so. senator sherrod brown, thank you so much. nice to have you here, your wife as well. >>> coming up next, david shweikert is among a handful of conservatives demanding an explanation after being removed from their committee assignments. he'll join us next right here on "morning joe." meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. to the best vacation sp(a
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